Each of the following independent situations is material. Select from the option list provided the appropriate opinion that would most likely be expressed by an auditor of a nonissuer. Each choice may be used once, more than once, or not at all.

$\backslash$table$[[$Situation$,$Opinion$],[\backslash$table$[[1.$ During the current$-$year audit of an income statement, an$],[$auditor could not observe a client's taking of beginning$],[$physical inventory and was unable to become satisfied about$],[$the inventory by means of other auditing procedures.$],[$Inventory is $70\%$ of the client's assets.$]],$Disclaimer$],[\backslash$table$[[2.$ A client declines to present a statement of cash flows as part$],[$of its released financial statements that purport to present its$],[$financial position and results of operations.$]],$Qualified$],[\backslash$table$[[3.$ A justified change in accounting principle has a material$],[$effect on the comparability of the client's financial statements.$]],$Unmodified$],[\backslash$table$[[4.$ A client's year$-$end inventory is $70\%$ of its year$-$end assets$],[$measured using the LIFO $($last$-$in$,$ first$-$out$)$ method. The client$],[$presents its financial statements in accordance with$],[$International Financial Reporting Standards $($IFRS$),$ which does$],[$not allow the use of LIFO.$]],$Adverse$],[\backslash$table$[[5.$ During the audit period, an auditor purchased $4\%$ of the$],[$client$\text{'}$s common shares.$]],$Disclaimer$],[\backslash$table$[[6.$ The auditor was not able to confirm receivables at year end$],[$but was able to become satisfied that the receivables were$],[$fairly stated by other auditing procedures.$]],$Unmodified$],[\backslash$table$[[7.$ The auditor concludes that revenues are overstated and the$],[$misstatements are pervasive to the financial statements.$]],$Adverse$],[\backslash$table$[[8.$ The auditor employs a specialist to help gather evidence of$],[$the fair value of an investment held by the client. The$],[$specialist$\text{'}$s findings support management's reported amounts.$]],$Unmodified$]]$